IBM Wanted to Buy Tintri for Half Billion Dollar

From a reliable inside source of Tintri, we just learned this company, founded in 2008 and getting $60 million in financial funding, received a proposal from IBM of $500 million to be acquired.

But the start-up refused this big amount of money and apparently prefers to continue its own way and tries to go public in 2014 or 2015.

Tintri grew 110% in previous year and is on its way to reach $100 million in revenue by 2014.

This offer from IBM proves that Big Blue doesn’t have the right all-SSD subsystem to compete in the forthcoming years. Well, it acquired Texas Memory Systems last year, but it got pricey products being an extension of former all-RAM subsystems, and without inline de-dupe as well as a complete line of software around them.

Last April IBM stated it will invests $1 billion in flash technology. Which other start-ups are candidates for acquisition in this field? Call IBM.